Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue W): Below Average. Ranked #211 out of 342 (Bottom 38%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #332 out of 557 (Bottom 40%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #167,743 out of 194,457 (Bottom 14%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue W): Above Average. Ranked #19 out of 342 (Top 6%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Above Average. Ranked #44 out of 557 (Top 8%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #105,928 out of 194,455 (Bottom 46%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue W): Above Average. Ranked #11 out of 342 (Top 3%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Above Average. Ranked #14 out of 557 (Top 3%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Above Average. Ranked #10,427 out of 194,457 (Top 5%). The citywide average for comparable homes is 1966.
Street Level (Melrose Avenue W): Below Average. Ranked #254 out of 342 (Bottom 26%). The street average for comparable homes is 4,095 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #438 out of 557 (Bottom 21%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #175,502 out of 194,457 (Bottom 10%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
How to read: Share of sales in each ~$50k price band for “melrose” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
316 Melrose Avenue W — 9 amenities found within 500 m, across 4 categories, including 3 dining (nearest 232 m), 2 parks (nearest 107 m).
Crime & safety
Waste collection schedule
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 316 Melrose Avenue W. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 316 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This home stands out for its modern build in an established neighborhood. Constructed in 2017, it is notably newer than most homes on its street, in the Melrose area, and across Winnipeg, placing it in the top 3-5% for year built. This is a primary appeal, suggesting modern construction standards, minimal immediate maintenance, and updated systems.
The living space of 866 sq ft is comfortably in the middle range for the immediate vicinity and Melrose area, but is more compact compared to the Winnipeg city-wide average. The lot size of 2,970 sq ft is also smaller than typical for the street, area, and city. This creates a specific profile: a modern, low-maintenance home on a manageable lot, suited for efficient living rather than expansive gardens or large-scale additions.
Its assessed value ranks highly on the street (top 5%) and in the area (top 8%), indicating it is viewed as a premium property within its local context. Recent sale history shows steady value appreciation. This combination suits buyers seeking a turn-key, newer home without the premium of a brand-new subdivision, such as first-time homeowners, downsizers, or investors looking for a modern property with strong local valuation. It offers a balance of contemporary comforts within the mature framework of an established community.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking locally actually mean?
It means that, compared to its immediate neighbors on Melrose Avenue W and in the Melrose area, this property is officially valued in the top tier. This often reflects its modern build year and condition relative to older homes nearby, but it's important to consider this within the context of local property taxes.
2. Is the smaller living area a concern?
It depends on your needs. The home's size is very typical for the Melrose area, where the average is around 973 sq ft. It is efficiently sized for 1-2 people or a small family. The trade-off for the modern build year is often a more compact footprint on a similarly smaller lot.
3. How does the lot size impact potential?
The lot is smaller than the average for the street. This means lower yard maintenance, but also less space for additions, large decks, or extensive landscaping. It emphasizes the home itself as the primary asset rather than the land.
4. The home sold in 2017 and 2022. What does that indicate?
The 2017 sale was likely the first sale after construction. The 2022 sale shows a resale within a 5-year period, which is a relatively short hold. Reviewing the exact sold prices (available by request) for these transactions would be key to understanding the market's momentum for this specific property.
5. Who might the nearby "reference" properties be for?
Listings like 342 Victoria Avenue W (older, smaller, lower assessment) and 363 Regent Avenue W (older, larger, lower assessment) provide context. They highlight this property's premium for its modern build, while showing that buyers prioritizing more space or a lower assessment might look at older homes in adjacent neighborhoods.